Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/91108
Authors: 
Filho, Edison Benedito da Silva
Year of Publication: 
2012
Series/Report no.: 
Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1783
Abstract (Translated): 
This paper aims to examine the evolution of currency risk exposure of Brazilian corporations, especially exporting companies, from the 2008 crisis, when several companies suffered substantial losses due to the decline of the real. We analyze their financial based on the usage of derivatives, as well as the impacts resulting from these contracts intermediation and reverberation of potential losses by the national banking system. We discuss also the effects of recent regulatory measures adopted by the Brazilian government in order to curb speculation in the currency market and establish a more effective monitoring of the risks associated with domestic derivatives.
Subjects: 
financial crisis
corporate finance and governance
financial risk and risk management
government policy and regulation
JEL: 
G01
G3
G32
G38
Document Type: 
Working Paper

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